Method and System for Making a Payment Through a Mobile Communication Device

Abstract

A method for making a payment through a mobile communication device, the method comprising: a. receiving transaction details of the payment by a Paymate, the transaction details being received from a payee, the transaction details comprising at least one of a transaction identifier and a transaction amount; b. sending a text message to the Paymate, the text message being sent by a payer, the text message comprising at least one of the transaction identifier, the transaction amount and a Personal Identification Number (PIN) of the payer; c. verifying the text message on the Paymate, the text message being verified with the transaction details received by the Paymate; d. authenticating the payer on the Paymate, the authentication of the payer being based on at least one of an identification number of the mobile communication device, the PIN of the payer and the transaction amount, wherein the identification number of the mobile communication device is sent along with the text message; and e. sending a debit request to a debit server for debiting the transaction amount from an account of the payer, the account being located at the debit server, the debit server receiving the debit request from the Paymate.

1 . A method for making a payment through a mobile communication device, the method comprising:
 a. receiving transaction details of the payment by a Paymate, the transaction details being received from a payee, the transaction details comprising at least one of a transaction identifier and a transaction amount;   b. sending a text message to the Paymate, the text message being sent by a payer, the text message comprising at least one of the transaction identifier, the transaction amount and a Personal Identification Number (PIN) of the payer;   c. verifying the text message on the Paymate, the text message being verified with the transaction details received by the Paymate;   d. authenticating the payer on the Paymate, the authentication of the payer being based on at least one of an identification number of the mobile communication device, the PIN of the payer and the transaction amount, wherein the identification number of the mobile communication device is sent along with the text message; and   e. sending a debit request to a debit server, the debit request being sent by the Paymate for debiting the transaction amount from an account of the payer, wherein the account is located at the debit server.   
     
     
         2 . A system performing the method as claimed in  claim 1 , the system comprising the Paymate, the Paymate comprising:
 a. means for receiving, the means for receiving at least one of the text message from the payer, and the transaction details from the payee;   b. means for verifying the text message, the text message being verified with the transaction details received by the means for receiving; and   c. means for authenticating the payer, the authentication being based on at least one of the identification number of the mobile communication device, the PIN and the transaction amount, wherein the means for authenticating sends a debit request, based on the authentication, along with the transaction amount to the debit server.   
     
     
         3 . The system as claimed in  claim 2 , wherein the PIN is provided to the payer by the debit server. 
     
     
         4 . The system as claimed in  claim 2 , wherein the PIN is provided to the payer by the Paymate. 
     
     
         5 . The system as claimed in  claim 2 , wherein a transaction-declined message is sent by the Paymate to at least one of the payer and the payee, the transaction-declined message being sent if the verification of the text message fails. 
     
     
         6 . The system as claimed in  claim 2 , wherein a transaction-declined message is sent by the Paymate to at least one of the payer and the payee, the transaction-declined message being sent if the authentication of the payer fails. 
     
     
         7 . The system as claimed in  claim 2 , wherein a transaction-declined message is sent by the debit server to the Paymate, the transaction-declined message being sent if the account of the payer cannot be debited for the transaction amount. 
     
     
         8 . The system as claimed in  claim 7 , wherein the transaction-declined message is sent by the Paymate to at least one of the payer and the payee. 
     
     
         9 . The system as claimed in  claim 2 , wherein a transaction complete message is sent from the debit server to the Paymate, the transaction complete message being sent after the transaction amount has been debited from the account of the payer. 
     
     
         10 . The system as claimed in  claim 10 , wherein a confirmatory message is sent by the Paymate to at least one of the payer and the payee, the confirmatory message being sent after receiving the transaction complete message from the debit server, the confirmatory message comprising transaction status details. 
     
     
         11 . A method for making a payment through a mobile communication device such as herein described with reference to the description and the accompanying drawings.